Writing that contracts on death or physical injury can have “grave and perverse moral and geopolitical implications,” a group of six U.S. senators Monday sent a letter to Commodity Futures Trading Commission (CFTC) Chair Michael Selig demanding that such contracts be banned.
The contracts all appeared on Polymarket’s international platform, which is “ostensibly” not available in the U.S., wrote the senators, but easily accessible via VPN. While Polymarket is a U.S.-based company, its international platform does not fall under the CFTC’s purview. The senators implored Selig and the CFTC to “provide clarity and take an active role in regulating this space,” though it’s not clear how the agency could influence a platform operating outside of the U.S.
